Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Boeing Reports Quarterly Loss As $3.5B Pre-Tax Non-Cash Charge Realized – $BA $DIA

By John F. Heerdink, Jr.

Boeing’s (BA) quarter earnings fell short of market estimates reporting a loss of $7.69 per share as revenue fell 3% to $14.79 billion. The loss was largely due to the company taking a $3.5 billion pre-tax non-cash charge on its 787 Dreamliner program, and a halt in deliveries amid discussions with regulators which is taking longer than expected. Boeing sees abnormal costs related to the 787 increasing to $2 billion, up from an estimate of $1 billion in Q3, with most of the cost incurred by the end of 2023.

Commercial revenue increased to $4.8 billion, helped by rising 737 deliveries but due to the 787 delays, it is below the $5.58 billion estimate. The aerospace giant recorded 79 orders in the fourth quarter, for a total of 479 net orders on the year, delivering 99 commercial jets in the fourth quarter.

Free cash flow turned positive to $494 million from negative $4.27 billion in the year-ago quarter, however, the total company backlog was $377 billion at the end of the quarter. On the defense and space side, revenue dropped 14% to $5.86 billion. 

“Omicron has paused the industry recovery, but it has not changed the outlook for the industry,” stated CEO Dave Calhoun, expecting international travel to pick up in the spring and summer.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.

(Read Original Story: Boeing Stock Falls After Q4 Miss, Charges On 787, KC-46 Programs in Investor's Business Daily)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us